Reuters: Lloyds to buy HBOS in $50 billion deal

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Lloyds to buy HBOS in $50 billion deal
      

LONDON (Reuters) - British bank Lloyds TSB has agreed to buy rival HBOS Plc to create a 28 billion pound ($50 billion) mortgage company, a person familiar with the matter said on Wednesday, making it the latest troubled bank to be forced into the arms of a better-funded rival.
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